Qualcomm’s stock falls as memory woes weigh on earnings
Qualcomm's stock fell over 5% after the company reported disappointing earnings and weak guidance for the current quarter.
Reported by 2 outlets — MarketWatch, Investing.com · Stock Market. See all sources ↓
Qualcomm is a big company that makes computer chips. Its stock price went down because the company did not make as much money as expected. Qualcomm's earnings were lower than what analysts thought they would be.
Why it matters
This news is important because it affects the value of Qualcomm's stock and the company's future plans.
- What is Qualcomm?
- Qualcomm is a company that makes computer chips.
- Why did Qualcomm's stock go down?
- Qualcomm's stock went down because the company did not make as much money as expected.
- What is earnings guidance?
- Earnings guidance is a prediction of how much money a company will make in the future.
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Qualcomm's earnings and guidance were disappointing
Sources2TypeAngleMarketWatchreported disappointing earnings
Investing.com · Stock Marketissued disappointing guidance